15/04/2015 9:24 PM IST | Updated 15/07/2016 8:25 AM IST

Canada Shall Supply Uranium To India For The Next Five Years: Canadian PM

COLE BURSTON via Getty Images
Canada's Prime Minister Stephen Harper shakes hands with India's Prime Minister Narendra Modi (L) during a joint press conference on Parliament Hill in Ottawa, Canada on April 15, 2015. Prime Minister Modi will continue his official visit to Canada in Toronto and Vancouver. AFP PHOTO/ COLE BURSTON (Photo credit should read Cole Burston/AFP/Getty Images)

India and Canada on Wednesday struck a uranium supply deal worth millions of dollars, wherein Canadian producer Cameco Corporation would provide fuel for Indian reactors.

"The agreement on procurement of uranium from Canada for our civilian nuclear power plants launches new era of bilateral cooperation. Uranium should not be looked at on the basis of give and take. This is a matter of trust. The whole world is affected and worried about the issue of global warming and climate change," said Prime Minister Narendra Modi.

"We want to give something to the world which we can give by focusing on clean energy. It is expensive but to we have taken this step for the betterment of the human race. For me uranium is about trust and a step towards saving the world from global warming," he said.

"You must have observed the world ratings of international agencies which say India is fastest growing economy of world. India will become a manufacturing hub, only when the demand for raw material is met. Canada has the raw material that india needs," he added.

He further said that Canada has the potential to be a key partner in every area of India's national development priority.

"Prime Minister Harper and I are committed to establish a new framework for economic partnership. Canada has the potential to be a key partner in every area of India's national development priority. Agreements on skill development reflect my commitment to empower youth in India," said Prime Minister Modi.

Meanwhile, Canadian Prime Minister Stephen Harper confirmed that Cameco Corporation would be supplying uranium to India for the next five years.

"Your visit indicates the strong friendship between Canada and India. This is a growing relationship. Trade potential between our countries is enormous. Cameco Corporation will supply uranium to India for the next five years," said Harper.

"Prime Minister Modi and I are celebrating the signing of a range of agreement. These include cooperation on civil aviation and space, rail transportation, skills development and higher education among others," he added.

rime Minister Modi arrived in Ottawa yesterday, on the third and final leg of his three-nation, nine-day-long tour. Defence Minister Jason Kenney, Minister of International Trade Ed Fast, Indian Ambassador to Canada Vishnu Prakash, Deepak Obhrai, Parliamentary Secretary to the Minister of Foreign Affairs, and Members of Parliament Patrick Brown, Royal Galipeau and Devinder Shory were present at the airport to welcome him. Chief of Protocol of Canada, Angela Bogdan, and Canadian High Commissioner to India Nadir Patel were also present. Prime Minister Modi's trip to Canada is the first bilateral visit by an Indian Prime Minister in 42 years. Prime Minister Modi, who arrived here after concluding a successful visit to German, will also reach out to the Indian diaspora in Toronto and Vancouver.

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